Close Menu
Finance For Sight
  • Home
  • Markets
  • Funds
    • Markets
    • Stocks
    • Investments
    • Economy
  • Contact
What's Hot

Multiple UN agencies call for urgent renewal of ceasefire in Gaza as death toll mounts – World

April 7, 2025

Putin orders Russian emergency planes to Iran after blast at port – World

April 28, 2025

Vladimir Putin accepts Modi’s invitation to visit India, Kremlin says

May 5, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Finance For SightFinance For Sight
Subscribe
  • Home
  • Markets

    European shares flat as losses in energy counter industrials’ boost – Markets

    February 21, 2025

    Indian rupee ends at one-week high on likely inflows, tops Asian peers – Markets

    February 21, 2025

    Ugandan shilling firmer on charity and offshore investor FX flows

    February 20, 2025

    Nigeria’s central bank keeps main interest rate unchanged – Markets

    February 20, 2025

    Most Gulf markets gain despite US tariff worries – Markets

    February 20, 2025
  • Funds
    1. Markets
    2. Stocks
    3. Investments
    4. Economy
    5. View All

    European shares flat as losses in energy counter industrials’ boost – Markets

    February 21, 2025

    Indian rupee ends at one-week high on likely inflows, tops Asian peers – Markets

    February 21, 2025

    Ugandan shilling firmer on charity and offshore investor FX flows

    February 20, 2025

    Nigeria’s central bank keeps main interest rate unchanged – Markets

    February 20, 2025

    India’s benchmarks set to open lower – Markets

    February 21, 2025

    European shares flat as losses in energy counter industrials’ boost – Markets

    February 21, 2025

    Ugandan shilling firmer on charity and offshore investor FX flows

    February 20, 2025

    India’s benchmarks set to open lower – Markets

    February 21, 2025

    G20 FMs meeting calls for ‘cooperation’ – World

    February 21, 2025

    Indian rupee to benefit as dollar eases to year-to-date lows, eyes portfolio flows – Markets

    February 21, 2025

    Ugandan shilling firmer on charity and offshore investor FX flows

    February 20, 2025

    UK police arrest man for arson after fire at PM Starmer’s house – World

    May 13, 2025

    China, Latin America trade exceeded $500 billion in 2024

    May 13, 2025

    Trump says US is ready to help Pakistan, India with trade – World

    May 13, 2025

    Indian PM Modi vows strong response to any future ‘terrorist attack’ – World

    May 12, 2025

    India’s benchmarks set to open lower – Markets

    February 21, 2025

    Indian rupee to benefit as dollar eases to year-to-date lows, eyes portfolio flows – Markets

    February 21, 2025

    Nigeria’s central bank keeps main interest rate unchanged – Markets

    February 20, 2025

    Most Gulf markets gain despite US tariff worries – Markets

    February 20, 2025
  • Contact
Finance For Sight
Home»Economy»Singapore’s ruling party set for another big election victory – World
Economy

Singapore’s ruling party set for another big election victory – World

Finance for SightBy Finance for SightMay 3, 2025No Comments3 Mins Read
Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
Singapore’s ruling party set for another big election victory - World
Share
Facebook Twitter LinkedIn Pinterest Email

SINGAPORE: Singapore’s People’s Action Party was on course on Saturday for a decisive victory for a 14th successive election, preliminary vote counts showed, as the PAP looked set to extend its unbroken six-decade rule over the wealthy city-state.

Samples of voting in the 32 constituencies contested on Saturday showed the PAP had won in all but three races. Combined with five seats already won by the PAP in a walkover, that translated to wins in 87 of the 97 parliamentary seats.

The election was a bellwether of the popularity of the PAP, which has ruled since before Singapore’s 1965 independence. Attention focused on whether the opposition could challenge the PAP’s tight grip on power and make further inroads after small but unprecedented gains in the last election.

The main opposition Workers’ Party looked set to win 10 seats, the same number as the last election, which was the most by any opposition party in the Asian financial hub.

Though the PAP has consistently won in landslides with about 90% of seats, its share of the popular vote is closely watched as a measure of the strength of its mandate, with new premier Lawrence Wong keen to improve on the PAP’s 60.1% in the 2020 election – one of its worst performances on record.

Singapore disappointed with 10% tariffs, will seek negotiation with the US

A final result was expected in the early hours of Sunday. The early vote count samples had a 4% margin of error, the election commission said.

Living costs and housing availability in one of the world’s most expensive cities were key issues in Saturday’s election and remain a significant challenge for Wong, whose government has warned of recession if the trade-dependent economy becomes collateral damage in the war over steep U.S. tariffs.

‘Strong mandate’

The election was the PAP’s first under the leadership of Wong, 52, who became Singapore’s fourth prime minister last year, promising continuity, new blood and to lead the country of six million people his own way.

He took over at the end of the two-decade premiership of Lee Hsien Loong, the son of former leader Lee Kuan Yew, the founder of modern Singapore.

In many races, the PAP’s wins were big, the sample counting showed, with only three of the contests close and within the margin of error.

“It’s not just status quo, it’s also the margin of victory in each of the constituencies, and you can see that the numbers are quite remarkable,” said Mustafa Izzuddin, adjunct senior lecturer at National University of Singapore.

“That certainly points, at this juncture, to a healthy and strong mandate for the prime minister.”

Although a PAP defeat was always extremely unlikely, some analysts had said the election could have altered the political dynamic in the years ahead if the opposition made more headway.

Some younger voters have been keen to see alternative voices, greater scrutiny and more robust debate.

But that could take time. Like previous elections, Saturday’s contest was a lopsided affair, with 46% of all candidates representing the PAP, which ran in all seats compared to 26 for the Workers’ Party.

The PAP has long had the upper hand, with a big membership to draw from, influence in state institutions and far greater resources than its untested opponents, which ran in only a small number of constituencies.

Big election party ruling set Singapores victory World
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Previous ArticlePM of Yemen’s internationally recognised government resigns – World
Next Article Israel urged to give media ‘unrestricted’ Gaza access – World
Finance for Sight
  • Website
  • Facebook

FinanceForSight is your trusted source for expert insights on the economy, investments, stocks, funds, and financial markets. We help you stay informed and make smarter financial decisions every day.

Related Posts

UK police arrest man for arson after fire at PM Starmer’s house – World

May 13, 2025

China, Latin America trade exceeded $500 billion in 2024

May 13, 2025

Trump says US is ready to help Pakistan, India with trade – World

May 13, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

China pushes for tariff cancellation to end US trade war – World

April 24, 2025

S&P 500, Nasdaq drop in uneven trade with Nvidia results in focus – Markets

February 25, 2025

Death toll from blast at Iran’s Bandar Abbas port rises to 40 – World

April 27, 2025

Israeli minister says cutting off Gaza electricity – World

March 9, 2025

Israeli fire kills three Palestinians in West Bank refugee camp – World

February 20, 2025

Subscribe to Updates

Join our community and get the latest finance insights, market updates, and investment tips delivered straight to your inbox. Stay ahead in your financial journey—sign up now!

Advertisement
Check out this product on Amazon!

FinanceForSight is your trusted source for expert insights on the economy, investments, stocks, funds, and financial markets. We help you stay informed and make smarter financial decisions every day.

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

South Korea’s FLC tenders to buy up to 69,000 T corn, traders say

February 26, 2025

Global LNG: Asian spot LNG prices remain near three-month low amid ample supply – Markets

March 23, 2025

Israel says struck suspects retrieving drone in Gaza – World

March 8, 2025

Oil drops $2 after US crude stock build, OPEC+ output increase, Trump tariffs – Markets

March 6, 2025
Get Informed

Subscribe to Updates

Join our community and get the latest finance insights, market updates, and investment tips delivered straight to your inbox. Stay ahead in your financial journey—sign up now!

© 2025 Finance For Sight. Designed by Finance For Sight .
  • Home
  • Markets
  • Stocks
  • Funds
  • Economy

Type above and press Enter to search. Press Esc to cancel.